The Fed is Compromised — More Than 90% of Federal Reserve Employee Political Donations Go to Democrats
Breitbart News economics editor John Carney told Fox Business Network's “Kudlow” on Friday that more than 90% of Federal Reserve staff's political contributions go to Democrats. Host Larry Kudlow said, “As you write this, I didn't know that 91% of the Federal Reserve's donations go to Democrats.” It's an outrageous story, but you're saying it […]
Jerome Powell says no need for Fed to rush rate cuts
Federal Reserve Chairman Jerome Powell said Thursday that continued economic growth, a strong job market and inflation above its 2% target mean there is no need for the central bank to rush to cut interest rates. He said this meant that the matter could be carefully considered. Powell's comments echoed growing expectations in financial markets […]
New York Fed data shows credit card debt hit another record
Ramsey Solutions personality Jade Warshaw breaks down the latest economic data that shows consumers are racking up credit card debt amid a surge in spending. Americans' credit card debt continues to rise, hitting a new record at the end of September, according to a new report from the New York Fed. Total credit card debt […]
Trump Will Love the Fed Doves
October inflation shows September interest rate cut was a mistake October's inflation report could add to the growing body of evidence the Fed is claiming. cut interest rates prematurely In September. At first glance, this report appears to be quite benign. of Consumer Price Index (CPI) rose 0.2%The Ministry of Labor announced on Wednesday. This […]
US Dollar Forecast: Fed Speeches and Strong Data Drive Dollar Strength; Gold, GBP/USD and EUR/USD Outlook – FX Empire
GBP/USD price chart – Source: TradingviewGBP/USD is trading 0.37% lower at $1.28213 as it remains under pressure below its pivot point at $1.28463. This level has recently served as a breakout point and is now serving as an important pivot. Below that, the pair is likely to remain in a bearish trend. Immediate support lies […]
Fed Employees Pour Cash Into Blue Coffers, Leaving GOP Out in the Cold
According to OpenSecrets.org, Federal Reserve employees have overwhelmingly donated to Democrats this election cycle, with $552,000 going to blue candidates and only $51,000 going to Republican candidates. It was a dollar amount. The woeful underestimation of Republicans underscores concerns that the Fed is becoming politically unbalanced. The Fed has tremendous influence over the economy, and […]
Elon Musk backs call to place Fed under Trump’s control
President Trump's ally Elon Musk, the billionaire founder of Tesla and SpaceX, has expressed support for the president-elect's controversial attempt to bring the Federal Reserve under White House control. On Friday, Musk responded to Republican Sen. Mike Lee's (Utah) post about X with a “100” emoji. “The executive branch should be under the direction of […]
Silver (XAG) Forecast: Price Pressure Builds as Fed Caution, Yields, and Dollar Firm Up – FX Empire
Daily US Dollar Index (DXY)The dollar's solid performance on Monday reflects increased market expectations for Wednesday's October inflation data. Economists expect the CPI to rise 0.2% month-on-month, or 2.5% annually, and core inflation to remain at 3.3%. The producer price index is expected to rise 0.3% month-on-month, or 2.3% annually. Robust inflation data could boost […]
EUR/USD ticks down as Fed officials line up for interest rate guidance – FXStreet
EUR/USD remains sensitive as investors await new interest rate guidance from a number of Fed speakers. The euro weakened as President Trump's policies were expected to weigh on euro zone exports. This week, investors will focus on October's US inflation data. In European trading on Monday, EUR/USD is trading cautiously near a four-month low of […]
Hasidic wife fed up with waiting years for religious divorce takes quest for freedom to the skies: ‘Ready to go nuclear’
A Hasidic woman who has been fighting for years for a religious divorce from her husband upped the ante this week by publicizing her long-term plight over Brooklyn. On Monday, the plane circled Williamsburg for three hours, dragging a banner behind it that read, “Release Mrs. Agna Steinmetz Now!!!” “Agna” means “chained woman” in Hebrew. […]